{"data":{"id":"us-ky/krs-132.023","jurisdiction":"us-ky","citation":"KRS 132.023","heading":"Limits for special purpose governmental entities -- Procedure for","body":"exceeding limits.\n(1) No special purpose governmental entity shall levy a tax rate which exceeds the\ncompensating tax rate until the taxing district has complied with the provi sions of\nKRS 65A.110 and subsection (2) of this section.\n(2) (a) A special purpose governmental entity proposing to levy a tax rate which\nexceeds the compensating tax rate shall submit the proposed rate as required\nby KRS 65A.110 and shall hold a public he aring to hear comments from the\npublic regarding the proposed tax rate. The hearing shall be held in the same\nlocation where the governing body of the city or county where the largest\nnumber of citizens served by the special purpose governmental entity res ide\nmeets, and shall be held immediately before a regularly scheduled meeting of\nthat governing body.\n(b) The special purpose governmental entity shall advertise the hearing by causing\nto be published at least twice in two (2) consecutive weeks, in the new spaper\nof largest circulation in the county, a display type advertisement of not less\nthan twelve (12) column inches, the following:\n1. The tax rate levied in the preceding year, and the revenue produced by\nthat rate;\n2. The tax rate proposed for the current year and the revenue expected to be\nproduced by that rate;\n3. The compensating tax rate and the revenue expected from it;\n4. The revenue expected from new property and personal property;\n5. The general areas to which revenue in excess of the revenue produced in\nthe preceding year is to be allocated;\n6. A time and place for the public hearing which shall be held not less than\nseven (7) days, nor more than ten (10) days, after the day that the second\nadvertisement is published;\n7. The purpose of the hearing; and\n8. A statement to the effect that the General Assembly has required\npublication of the advertisement and the information contained therein.\n(c) In lieu of the two (2) published notices, a single notice containing the required\ninformation may be sent by first -class mail to each person owning real\nproperty in the special purpose governmental entity, addressed to the property\nowner at his residence o r principal place of business as shown on the current\nyear property tax roll.\n(d) The hearing shall be open to the public. All persons desiring to be heard shall\nbe given an opportunity to present oral testimony. The special purpose\ngovernmental entity may set reasonable time limits for testimony.\n(3) (a) That portion of a tax rate levied by an action of a special purpose\ngovernmental entity which will produce revenue from real property, exclusive\nof revenue from new property, more than four percent (4%) ov er the amount\nof revenue produced by the compensating tax rate shall be subject to a recall\nvote or reconsideration by the special purpose governmental entity, as\nprovided for in KRS 132.017, and shall be advertised as provided in paragraph\n(b) of this subsection.\n(b) The special purpose governmental entity shall, within seven (7) days\nfollowing adoption of an ordinance, order, resolution, or motion to levy a tax\nrate which will produce revenue from real property, exclusive of revenue from\nnew property, mor e than four percent (4%) over the amount of revenue\nproduced by the compensating tax rate, cause to be published, in the\nnewspaper of largest circulation in the county, a display type advertisement of\nnot less than twelve (12) column inches the following:\n1. The fact that the taxing district has adopted a rate;\n2. The fact that the part of the rate which will produce revenue from real\nproperty, exclusive of new property, in excess of four percent (4%) over\nthe amount of revenue produced by the compensating tax rate is subject\nto recall; and\n3. The name, address, and telephone number of the county clerk of the\ncounty in which the special purpose governmental entity is located, with\na notation to the effect that that official can provide the necessary\ninformation about the petition required to initiate recall of the tax rate.","path":["KRS Chapter 132"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=50516","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:23Z","sha256":"6f682266432e9ddd1da39f95f7aab28e0a1beeeca8b090e86a3394b77d77c4b5","source_id":"us-ky","stale":false,"prev":"us-ky/krs-132.0225","next":"us-ky/krs-132.024"},"notice":"GroundRules: Original legal text. Not legal advice."}